TYPE OF POLICY

SERVICE PROVIDED

FEE CHARGED

All types of insurance policies where the premium does not exceed EUR 2,500

On new placements, renewals, extensions, or mid-term adjustments

EUR 5.00

All types of insurance policies, where the premium exceeds EUR 2,500

On new placements, renewals, extensions, or mid-term adjustments

EUR 10.00

Cancellation of an insurance policy is subject to the insurer’s guidelines and the administration fees referred to in this Part of the Schedule also apply.
  1. You may request that any return premium generated from the cancellation of an insurance policy is paid directly to your bank account. The Company will charge, in addition to any charge made by the insurer, an administration fee which is equivalent to the brokerage earned on the last annual/renewal premium.
  2. You may request that any return premium generated from the cancellation of an insurance policy is retained in your account to be utilised against any future(s) due in the next 12 months from cancellation in which case no administration fee will apply.

Important notice in respect of third party charges and fees:

In addition to the above fees, insurance companies usually charge an administration fee per policy. Such fees are explained separately in the premium computation we provide you.

General Proviso

The Company reserves the right to evaluate each insurance placement and consider charging additional fees at its discretion, subject to prior notification.